It doesn’t look great for the smartwatch industry as analysts Resistance With the annual-rate-year slip, the fifth consecutive quarter has declined. However, China is experiencing an increase in smartwatch shipments, with an annual growth of 37%.
Experts show two main reasons for the global smartwatch market reduction. The first Apple Pal Smartwatch is to decline, as well as a significant and constant degeneration in the smartwatch market wrapped in India at one time.
Nevertheless, the Apple Pal retains the top spot with a 20% global stock, while the shipment records a 9% reduction. Apple Pal is followed by Huawei, which increased by 53%, and therefore Ziomi, 6% to 10% last year, recorded a 53% growth of Huawei. Samsung lost nearly 23% of its market share year-by-year-year, down from 9% of the global stock to 7%.
Consumer choices are looking at significant changes because people are looking for devices more expensive and rich in convenience. The $ 100- $ 200 segment experienced a 21% growth, while in the sub-$ 100 category, shipments saw a decline of 17%.
Looking forward, the counterpoint believes that the smartwatch market will see a modest increase in sales by the end of 2025, with about 3% growth.
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